Tag: Data

Crypto winter might not be over according to bitcoin data, digitoads attracting capital

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Experts are cautious, predicting that the crypto winter might not be over. Bitcoin traders remain split with most investors considering DigiToads. DigiToads is trending, expanding its social media presence as it continues establishing itself as a community-focused project while riding the meme token wave. Notably, TOADS, DigiToads’ native token, is solid and accumulated by savvy investors in an overly fluctuating and dicey market. There could be a potential for TOADS to outperform even mainstream currencies like…

ETH, BTC Fall to Multi-Week Lows, Following US Inflation Data – Market Updates Bitcoin News

Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the data, falling below $27,000. Bitcoin Bitcoin (BTC) briefly dropped below $27,000 late on Wednesday, as markets reacted to the latest U.S. inflation report. After an earlier high of $28,322.69, BTC/USD slipped to an intraday low of $26,883.67 towards the close of yesterday’s session. This move saw bitcoin…

EU makes progress on plan to share cryptocurrency tax data

The E.U.’s Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients’ transactions to help combat tax-related criminal activities such as tax evasion. This move is part of the E.U.’s effort to tighten regulations on cryptocurrency and bring them in line with traditional financial services. The DAC8 amendment Under the commission’s proposal unveiled in December, companies that have E.U. clients must register in the bloc and report digital assets, including crypto and some non-fungible tokens (NFTs), to tax authorities to tackle tax evasion…

EU embraces blockchain, launches official platform to transform data management

The European Blockchain Services Infrastructure (EBSI) is launching a publicly accessible blockchain platform in collaboration with Norway and Liechtenstein. The regulated and permissioned blockchain will transform data management with its security and transparency. JUST IN: EU Develops its Own Official Blockchain. Belgium aims to transform EBSI technical project into political projects during its European presidency in 2024, according to a minister. — Crypto Research Group (@CRG_crypto) May 9, 2023 Distributing nodes To promote blockchain adoption across the European Union (EU), the new initiative will see Germany, the largest economy in…

More ethereum holders moving coins to centralized exchanges, on-chain data shows

A crypto trader expects ethereum (ETH) prices to fall or slow down in the days head. This comes after on-chain monitor, LookOnChain, revealed that more ETH holders are moving coins to centralized cryptocurrency exchanges like Binance and Kraken. Ethereum prices consolidate Presently, ETH prices remain in consolidation with reaction points between $1,800 and $2,015 based on the price action of the last two weeks. According to CoinMarketCap, ETH is down 1.8% in the last 24 hours, trading at $1,908 at press time. Due to the past few days’ poor performances,…

Bitcoin (BTC) Chalks Out ‘Head and Shoulders’ Pattern Ahead of U.S. Jobs Data: Valkyrie Investments

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“High timeframe trend metrics remain firmly bullish, a near-term [bearish] reversal chart pattern has emerged. Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs,” Valkyrie’s analysts, led by chief investment officer Steven McClurg, wrote in a note to clients early this week. Original

Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection – Exchanges Bitcoin News

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The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates its users’ biometric data to, amongst other things, further enhance Coinbase and its online ‘app-based’ Platform,” a proposed class action lawsuit details. Coinbase ‘Wrongfully Profits’ From Users’ Facial and Fingerprint Scans A proposed class action lawsuit, filed Monday in the Northern District of California, alleges that the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) illegally collects face templates and fingerprints of its customers in…

Bitcoin mainstream adoption on the rise, data shows 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data show that bitcoin (BTC) daily transactions have hit a new all-time high, while the number of addresses sending to exchanges has reached a 6-month low. Bitcoin’s bullish momentum continues to drive the cryptocurrency market forward as daily transaction volume reaches an all-time high of 682,000. This news is a strong indicator of growing mainstream adoption for Bitcoin and signals a positive trend for the entire cryptocurrency industry. Historically, daily transactions have been a leading indicator…